Can Eastman Kodak make Money? — Market Mad House

The Eastman Kodak Company (NYSE: KODK) is the phoenix of the American stock markets. Like the mythical bird, Kodak keeps rising from the ashes each time they announce its death.

Kodak (NYSE: KODK) became famous by mass producing cameras ordinary people could use. During the 20th Century, Kodak became a household name by dominating the market for photographic film. However, digital cameras and the iPhone killed traditional photography and Kodak’s business.

In 2018, Kodak gambled on cryptocurrency and lost. Specifically, Kodak offered a cryptocurrency called KODAKCoin and a cryptocurrency miner for the masses.

Can Generic Drugs Save Eastman Kodak?

Neither blockchain scheme bore fruit but Kodak survives and is trying to come back through a more mundane product: chemicals.

Specifically, Kodak will produce the basic components for generic drugs at factories in Rochester, New York, and Saint Paul, Minnesota. The Associated Press reports that Kodak has received a $765 million federal loan to finance conversion of plants to produce the chemicals.

The loan is part of a federal program designed to alleviate shortages of generic drugs in the United States. President Donald J. Trump (R-Florida) blames the shortages on a…